New Mountain: Q2 Earnings Snapshot

Associated Press Finance
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NEW YORK (AP) — NEW YORK (AP) — New Mountain Finance Corp. (NMFC) on Wednesday reported second-quarter net income of $34.5 million.

On a per-share basis, the New York-based company said it had profit of 31 cents. Earnings, adjusted for investment costs, were 36 cents per share.

The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 36 cents per share.

The business development company posted revenue of $94.6 million in the period, topping Street forecasts. Four analysts surveyed by Zacks expected $90.3 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NMFC at https://www.zacks.com/ap/NMFC